Latest news with #BorisVan
Business Insider
2 days ago
- Business
- Business Insider
Analysts Conflicted on These Communication Services Names: Tencent Music Entertainment Group (TME) and Prosus (OtherPROSF)
Analysts have been eager to weigh in on the Communication Services sector with new ratings on Tencent Music Entertainment Group (TME – Research Report) and Prosus (PROSF – Research Report). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Tencent Music Entertainment Group (TME) Bernstein analyst Boris Van maintained a Buy rating on Tencent Music Entertainment Group yesterday and set a price target of $27.50. The company's shares closed last Tuesday at $25.39. Van has an average return of 75.5% when recommending Tencent Music Entertainment Group. According to Van is ranked #1843 out of 9951 analysts. Currently, the analyst consensus on Tencent Music Entertainment Group is a Strong Buy with an average price target of $22.74, which is a -7.5% downside from current levels. In a report released yesterday, Daiwa also upgraded the stock to Buy with a $27.00 price target. Prosus (PROSF) Kepler Capital analyst Robert Vink CFA maintained a Hold rating on Prosus on August 11 and set a price target of EUR44.00. The company's shares closed last Tuesday at $57.85. According to CFA is ranked #4783 out of 9951 analysts.
CNBC
08-07-2025
- Business
- CNBC
Bernstein says this Chinese media platform can surge nearly 25%
Bilibili is cementing its staus as a premier media platform in China with top tier content, according to Bernstein. "We like the model of Bilibili — its content is of higher quality, longer shelf life and dare we say, as research analysts, we are partial," analyst Boris Van said. "In a world where short form videos and quality are variable at best, there is a place for a platform with refreshing content." Bernstein initiated research coverage of the Chinese online entertainment services provider with an outperform rating and a $28 per share price target. Bernstein's forecast implies nearly 25% upside from Monday's $22.48 close. BILI YTD mountain Bilibili stock in 2025. Bilibili is "the pioneer and leader in the medium form professional user generated video category," Van said, calling its user community and brand "iconic." The Bernstein analyst also said the company is entering a new growth phase thanks to notable "platform assets," as well as investments in artificial intelligence. "Additionally, its community video + games ecosystem has strategies and allows it to be an effective mid-sized games publisher contributing to a pathway of operating leverage growth to mid-teens level," the analyst said. "This path of revenue and operating leverage is set to result in strong earnings growth in coming years, providing room for" rising forward price-to-earnings ratios. Bilibili American depositary receipts traded on Nasdaq have soared 51% in the past three months through Monday.
